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3835 W 124th Place Alsip, IL $ 700,000
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3835 W 124th Place
$ 700,000
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3835 W 124th Place

Alsip, IL, 60803
$ 700,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 4,835

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Multi-Family Home for sale in Alsip, IL

for $700,000 with 3 bedrooms. This home was built in 1972.

Great income-producing opportunity in Alsip! This 6-unit apartment building features three 2-bedroom units and three 1-bedroom units. Since the current owner purchased the property in 2018, four of the six units have been renovated, while the remaining two are occupied by long-term tenants. Nice size lot in quiet area of similar properties. The boiler was replaced within the past year. Coin-operated laundry brings in approximately $120-$150 per month. A two-car garage is currently rented as storage for $220 per month. Two units are currently vacant, offering convenient access for showings and an opportunity for the next owner to lease them at current market rents. New roof will be installed before closing! Rent roll and expenses are available upon request.

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Multi-Family Active

Price

$ 700,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 15,454

Style

Multi-Family

Year Built

1972

Town/City

Alsip

County/Region

Cook

MLS | Web ID

12762121
Features
General
Cooling Window Unit(s)
Possession Closing
Roof Composition
Zoning MULTI
Association Fee Includes Water Gas
Construction Materials Brick
Year Built 1972
Tenant Pays Air Conditioning Electricity
Stories Count 3
Township Worth
Tax Year 2025
Current Use Multi-Family
Gross Income 80400
County Cook
Net Operating Income 47249
Operating Expense 35843
Insurance Expense 3983
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 4729
Status New
Directions W 123rd Street to S Springfield Avenue
City Alsip
Number Of Units Total 6
MLS Area Alsip / Garden Homes
Tax Annual Amount 15454
Electric Expense 660
Fuel Expense 1861
Trash Expense 1080
Water Sewer Expense 3913
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.75
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 88X125
Frontage Type City Street
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* Excluded Features
List By
Cloudup Realty Llc

Broker

vichy.miao@gmail.com;vichy.miao@gmail.com

Email

Affordability Calculator

$6,123
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,835
Monthly Property Taxes
$1,288
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/20/2026$700,000 Listed Price

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3835 W 124th Place, Alsip, IL, 60803 is a Multi-Family Home for sale at $700,000. 3835 W 124th Place has 3 bedrooms, 0.0 baths, and was built in 1972. The property's zip code is 60803 which is in Alsip, IL

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